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Murrey Math Lines 15.12.2022 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotes are in the oversold area. The RSI has bounced off the support line. An upwards breakaway of 0/8 (0.9277) is expected, followed by growth to the resistance level of 2/8 (0.9521). The scenario can be cancelled by a downward breakaway of the support level of -1/8 (0.9155). In this case, the quotes may go on falling and reach -2/8 (0.9033).

Murrey Math Lines 15.12.2022 USDCHFH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, growth can be supported by a breakaway of the upper border of VoltyChannel.

Murrey Math Lines 15.12.2022 USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

On H4, gold quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In the end, a test of 5/8 (1781.25) is expected, followed by a bounce off it and growth to the resistance level of 6/8 (1812.50). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (1781.25). In this case, gold quotes may drop to 4/8 (1750.00).

Murrey Math Lines 15.12.2022 XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is too far away from the current price, hence, growth will be supported by a bounce off 5/8 (1781.25) on H4.

Murrey Math Lines 15.12.2022 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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